Delegates walk towards the entrance of the IMF headquarters during the World Bank/IMF Spring Meeting in Washington on April 15, 2026. (Jose Luis Magaña/AP/File) July 8, 2026 10:54 am, EDT key takeaways: The IMF on July 8 cut its 2026 global growth forecast to 3% from 3.1%, citing energy disruptions from the Iran conflict. Higher
“Today’s data shows that the Canadian economy is back on track,” Grantham said. (James Macdonald/Bloomberg) June 30, 2026 10:38 am, EDT key takeaways: Canada’s GDP expanded 0.1% in May after a 0.5% increase in April, bringing annual growth to 2.3% in the second quarter. The rebound was driven by oil and gas, manufacturing, construction and
Customers wait for their orders in the food court at a wholesale store in Mount Prospect, Illinois on June 8. (Nam Y Huh/AP) June 25, 2026 9:06 am, EDT key takeaways: The US economy grew at a 2.1% annual rate in the first quarter, an upward revision from 1.6% on June 25 and a rebound
Elon Musk has become the world’s first trillionaire thanks to his company SpaceX, which has the largest IPO ever. Public trading in the company has valued it at more than $2 trillion. The eye-watering sums being invested in AI are also giving a boost to other tech giants including OpenAI and Anthropic. Both companies are